AMARA RAJA BATTERIES Announces Quarterly Results (1QFY21); Net Profit Down 55.5%

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AMARA RAJA BATTERIES Announces Quarterly Results (1QFY21); Net Profit Down 55.5%
Tue, 18 Aug

AMARA RAJA BATTERIES has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

AMARA RAJA BATTERIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m18,15015,81411,510-27.2%-36.6%
Other incomeRs m10214188-37.7%-14.1%
TurnoverRs m18,25215,95511,598-27.3%-36.5%
ExpensesRs m15,35813,3829,986-25.4%-35.0%
Gross profitRs m2,7922,4321,524-37.3%-45.4%
DepreciationRs m733760748-1.5%2.1%
InterestRs m293027-11.6%-7.3%
Profit before taxRs m2,1321,783837-53.1%-60.8%
TaxRs m723416210-49.6%-71.0%
Profit after taxRs m1,4091,367627-54.1%-55.5%
Gross profit margin%15.415.413.2
Effective tax rate%33.923.425.1
Net profit margin%7.78.65.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 36.6% on a year-on-year (YoY) basis. The expenses were down by 35.0% YoY during the same period.
  • The company's operating profit declined by 45.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 1QFY21 as against 15.4% in 1QFY20.
  • Depreciation charges increased by 2.1% and finance costs declined by 7.3% YoY, respectively.
  • Other income declined by 14.1% YoY during the quarter.
  • Net profit for the quarter declined by 55.5% YoY. Net profit margins during the quarter declined from 7.7% in 1QFY20 to 5.4% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 27.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 25.4% QoQ during the same period.
  • The company's operating profit declined by 37.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 1QFY21 as against 15.4% in 4QFY20.
  • Net profit for the quarter declined by 54.1% QoQ, while net profit margins declined from 8.6% in 4QFY20 to 5.4% in 1QFY21.

To see how AMARA RAJA BATTERIES has performed over the last eight quarters,please visit here.

Discover: India's #1 Defence Stock

AMARA RAJA BATTERIES Share Price Performance

Over the last one year,AMARA RAJA BATTERIES share price has moved up from Rs 618.4 to Rs 767.2, registering a Gain of Rs 148.8 or around 24.1%.

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 767.2, the price to earnings (P/E) ratio of AMARA RAJA BATTERIES stands at 22.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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AMARA RAJA BATTERIES Announces Quarterly Results (4QFY20); Net Profit Up 14.5% (Quarterly Result Update)

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